business 🏠 Zee founder's finances: Living on rent income
Zee founder Subhash Chandra stated he is currently running expenses using income from renting out a small residential house. He and the Essel Group sold family assets, including their house, to repay loans, leaving him with ₹6.5 crore. The NCLT approved his repayment plan on August 25th, allocating ₹6.25 crore to creditors against claims of ₹22,006.57 crore. Chandra expressed confidence in rebuilding his wealth and plans to work on investments in Switzerland. However, lenders like Canara Bank plan to challenge the NCLT's approval order. 🏠